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ACON

ATEC

Aclarion, Inc. (NASDAQ:ACON) stock is trading higher after announcing a strategic partnership with Alphatec Spine, Inc., a subsidiary of Alphatec Holdings, Inc. (NASDAQ:ATEC). The partnership aims to evaluate the Nociscan technology and co-market it. Aclarion's trading volume surged, with over 15.7 million shares traded, compared to a 100-day average of less than 174,000. Aclarion had a 1-for-16 reverse stock split on Jan. 3, and shares are currently up 64% at $5.02.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 3:08 pm

MOGO

Mogo Inc., a leading Canadian fintech company, announced that its portfolio company, WonderFi Technologies Inc., provided a positive Q4 2023 corporate update. WonderFi, with 1.6 million users and $1 billion in client AUC, is one of Canada's largest crypto exchange platforms. Mogo holds approximately 87 million shares, representing a 13% ownership interest in WonderFi. WonderFi owns Bitbuy and Coinsquare, two major crypto trading platforms, and SmartPay, a crypto payments processor. Q4 highlights include over $1 billion in client assets, $760 million in trading volumes, and $180 million processed in crypto payments. WonderFi also achieved cash-flow positive operations. Mogo's President & CFO, Greg Feller, believes WonderFi is well-positioned for long-term growth and will provide value to Mogo shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:07 pm

DELL

MSFT

NVDA

ROKU

SSNLF

CES 2024 is set to showcase the latest in technology from Jan. 9-12 in Las Vegas, with a focus on AI, futuristic TVs and displays, laptops, and gaming. Companies like Samsung (SSNLF), LG, Dell (DELL), Roku (ROKU), Microsoft (MSFT), Nvidia (NVDA), and others have already previewed or are expected to reveal new products and technologies. Highlights include LG's transparent TV, Samsung's MicroLED display, Dell's 5K monitor, Roku's branded TVs, Razer's OLED display laptop, Microsoft's AI PC features, and Nvidia's new graphics card for gamers.

Portfolio Pulse from Rounak Jain

January 08, 2024 | 3:06 pm

CSWC

B. Riley Securities analyst Bryce Rowe has downgraded Capital Southwest (NASDAQ:CSWC) from Buy to Neutral and set a price target of $23.5.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:06 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) announced the purchase of up to 160,000 Bitmain S21 Bitcoin miners, with an initial purchase of 60,000 units. The first batch is expected to be delivered between April and June, costing $193.2 million. The deal includes an option to buy an additional 100,000 miners at a fixed price until year-end. If exercised, CleanSpark's hashrate could increase from 10 EH/s to approximately 50 EH/s. CEO Zachary Bradford sees this as a strategic move to enhance operational efficiency and hedge against price increases. CleanSpark shares dropped 4.41% to $9.72 following the announcement.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 3:06 pm

CASH

NWBI

Pathward Financial (NASDAQ:CASH) is set to distribute a dividend of $0.05 per share on January 08, 2024, with an annualized yield of 0.40%. Despite a consistent dividend per share since 2020, Pathward's earnings have grown from $2.41 to $6.11 per share from 2020 to 2023, indicating a strong financial position. However, its dividend yield lags behind industry peers like Northwest Bancshares (NASDAQ:NWBI), which has a yield of 6.44%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:05 pm

AMZN

EADSF

EADSY

GOOG

MSFT

ORCL

PFE

Global tech giants Amazon, Google, and Microsoft are expanding in Saudi Arabia due to a government mandate requiring companies to establish regional headquarters in the country to be eligible for state contracts. This is part of Crown Prince Mohammed bin Salman's economic strategy to reduce 'economic leakage'. Other companies like Airbus, Oracle, and Pfizer have also obtained licenses for setting up regional HQs in Riyadh. The policy aims to transform Saudi Arabia into a tourism and commercial hub, potentially rivaling Dubai. There is some confusion over the application of these rules, and over 200 firms have received HQ licenses. Amazon's stock traded higher by 1.64% and Microsoft's by 0.74% on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

January 08, 2024 | 3:05 pm

STXUSD

Stacks (CRYPTO: STX) has seen a significant price increase of 9.43% in the past 24 hours, reaching $1.92. Over the last week, STX has gained 30%, rising from $1.49. The coin's all-time high is $3.39. Trading volume surged by 877% over the past week, and the circulating supply increased by 0.18% to 1.43 billion, which is 78.72% of the max supply. Stacks is currently ranked #32 by market cap at $2.78 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:03 pm

PACB

Pacific Biosciences of California (PACB) has announced preliminary Q4 revenue of approximately $58.4 million, surpassing the estimated $55.82 million.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:02 pm